HFF has arranged $115.4 million in construction financing and preferred equity for Scout on the Circle, a 551,000-square-foot residential and retail development in Fairfax, Va. The company represented the developer, Combined Properties Inc. to secure the $100 million floating-rate construction loan and $15.4 million in preferred equity. The project is slated for completion by 2021.

The project includes three separate buildings on an 8.8-acre lot at 9500 Fairfax Blvd. Scout on the Circle will comprise a 54,000-square-foot, single-story grocery store, anchored by Giant, on the eastern corner of the asset, providing access to routes 50 and 655. The other two five-story buildings will feature a total of 400 luxury units and an additional retail space comprising 29,000 square feet. The asset will be within one mile of the Vienna Metrorail station, less than four miles from George Mason University campus and 20 miles from Washington D.C.’s CBD.

HFF’s brokerage team included Susan Carras, Walter Coker, Brian Crivella, John Owendoff and Jordan Lex. In January, HFF also secured financing for the development of Hanover River Oaks, a 370-unit luxury tower in Houston.